Walton County, FL

Comprehensive housing, income, and cost of living data for Walton County, Florida. Population: 76.6K.

Median Home Price
$390.7K

Based on 7 cities

Median Household Income
$79.3K

Annual household income

Price-to-Income Ratio
4.9x

Moderately affordable

Salary Needed to Buy
$97.8K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$1,709

Average annual amount

Effective Tax Rate
0.44%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,976
Property Tax$142
Insurance$163
Total Monthly$2,281
Historical Home Prices
2015
$333.4K
2016
$346.0K
+3.8%%
2017
$375.2K
+8.4%%
2018
$403.6K
+7.6%%
2019
$420.4K
+4.2%%
2020
$462.6K
+10.0%%
2021
$629.6K
+36.1%%
2022
$719.9K
+14.3%%
2023
$700.6K
-2.7%%
2024
$671.5K
-4.2%%
2025
$636.9K
-5.1%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
3.2%%

Below national average

Population Density
74

People per square mile

Homicide Rate
4.0

Low (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
81.5%
Black
3.8%
Hispanic
8.2%
Asian
1.1%
Two or More Races
4.4%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
67°F

Annual average

Sunny Days
200

Days per year

Annual Rainfall
62.0"

Inches per year

Natural Disaster Risk
High Risk

Score: 89/100

January Low
20°F

Average winter low

July High
85°F

Average summer high

Frequently Asked Questions

What is the median home price in Walton County, FL?

The median home price in Walton County, Florida is $390.7K. The price-to-income ratio is 4.9x, meaning the median home costs 4.9 times the median household income.

What salary do you need to buy a home in Walton County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $97.8K per year to buy the median home in Walton County, FL. Monthly housing costs break down to $1,976 for mortgage, $142 for property tax, and $163 for insurance.

What is the property tax rate in Walton County?

The effective property tax rate in Walton County is 0.44%, which comes to approximately $1,709 per year on the median home.

What is the median household income in Walton County?

The median household income in Walton County, Florida is $79.3K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.2%%.

Is Walton County a good place to live?

Walton County, Florida has a population of 76.6K. Housing affordability is moderate with a price-to-income ratio of 4.9x. The climate averages 67 degrees F with 200 sunny days per year. Compare Walton County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.